No. of Recommendations: 4
I'd have started at 62 even if I was still working, figuring I could always stash away some extra income.

However, we had little choice but to start at 62. (If married, check which way gives the most for the spouse -- on his or her own vs collecting against the larger one. It made a big difference to my wife.) I had been laid off at 59 and she had to quit teaching about that time because we had to take in her mom and care for her. (Her mom passed away 11 years ago.)

We're now 72 and 73, respectively, and do not regret starting early. (We might not have retired early, had we been able to go on working longer, but "maybe" doesn't count after you choose!)

However, I also have been self-managing my IRA, as I had been for years earlier, so I can balance some dividend-paying stocks (like T, BGS and some others) plus a few "fliers" for income, carefully scrutinized before buying them.

Good luck, whatever you do. Please talk directly with SS before deciding. Do NOT choose based solely on advice from a bulletin board or friends!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.